Digi Communications Nv · BVB:DIGI
Digi Communications Nv — Cable Communications Systems (CCS) — Q2 2016 Earnings Presentation
21 slides from Digi Communications Nv's earnings presentation, Sep 1, 2016
Slide 1: Investor presentation for the three months ended June 30, 2016
Investor presentation for the three months ended June 30, 2016 Cable Communications Systems (CCS) Parent Company of September 1, 2016
Slide 2: Disclaimer
p. 2 Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: The information in this document has been prepared by Cable Communications Systems (“CCS" or the "Company") and solely for use during t
Slide 3: Group overview
p. 3 Group overview Romania Hungary Spain & Italy Total 3 months 6 months 3 months 6 months 3 months 6 months 3 months 6 months ended June ended June ended June ended June ended June ended June ended June ended June 30, 2016 30, 2016 30, 2016 30, 2016 30, 2016 30, 2016 30, 2016 30, 2016 Revenues² €1
Slide 4: Recent Developments
p. 4 Recent Developments Business • April 2016: On 29 April 2016 we repaid the second principal installment from the 2015 Senior Facility, in amount of RON 110 million (EUR 24.6 million equivalent). • May 2016: We won four 5 MHz frequency blocks in the 3800 MHz spectrum in Hungary, for a considerati
Slide 5: Recent Developments (cont'd)
p. 5 Recent Developments Business (cont’) • The Group reviews its debt position and funding requirements on an ongoing basis. Although the EUR450,000,000 7.50% Senior Secured Notes issued by Cable Communications Systems N.V. and guaranteed by RCS&RDS S.A. do not mature until 2020, the Group monitors
Slide 6: Financial highlights
p. 6 Financial highlights Results from continuing operations ** Revenues in Romania increased mainly as a result of: EUR m Revenues Adj. EBITDA CAPEX 198.4 199.8 205.3 – Increase in mobile telephony RGUs, ARPU and 200.0 189.3 183.6 related sales of equipment 180.0 174.9 – Increase in our cable Tv
Slide 7: Highlights Romania – Revenue and Adj EBITDA
p. 7 Highlights Romania – Revenue and Adj EBITDA Results of Operations1 For the three months For the six months Results of Operations ended June 30, % change ended June 30, % change 2015 2016 2015 2016 (euro in millions) (euro in millions) Revenues 132.5 149.0 12.5% 259.4 294.0 13.3% Adjusted EBITDA
Slide 8: Highlights Romania - KPIs
p. 8 Highlights Romania - KPIs Subscribers RGUs Period Ended Subscribers (Thousand RGUs) June 30, Net Additions 2015 2016 Last 12 months Last 3 months Cable TV 2,659 2,782 123 30 Fixed internet and data 1,898 2,039 141 26 Fixed-line telephony 1,443 1,379 (64) (18) Mobile telecommunications services1
Slide 9: Highlights Hungary – Revenue and EBITDA
p. 9 Highlights Hungary – Revenue and EBITDA Results of Operations For the three months % For the six months % Results of Operations ended June 30, change ended June 30, change 2015 2016 2015 2016 (euro in millions) (euro in millions) Increase in revenue and improved Revenues 31.4 33.3 6.1% 62.4 6
Slide 10: Highlights Hungary - KPIs
p. 10 Highlights Hungary - KPIs Subscribers RGUs Period Ended Subscribers (Thousand RGUs) June 30, Net Additions 2015 2016 Last 12 months Last 3 months Cable TV 420 460 40 8 Fixed internet and data 361 407 46 9 Fixed-line telephony 312 340 28 6 Mobile telecommunications services 18 15 (3) - DTH 331
Slide 11: Highlights Other Territories
p. 11 Highlights Other Territories For the three months % For the six months % ended June 30, change ended June 30, change 2015 2016 2015 2016 (euro in millions) (euro in millions) Revenues Spain1 18.5 21.8 17.8% 34.6 42.3 22.3% Italy 1.9 2.3 21.1% 3.6 4.4 22.2% Czech Republic2 0.7 - N.M 3.8 - N.M 2
Slide 12: Group Financial Profile
p. 12 Group Financial Profile Maturity profile Long term loans & Notes Financial liabilities as of June 30, 2016* as of June 30, 2016 (EUR millions) Loan Bond Other long term loan Amount Facility (EUR millions) 500 476 Senior Secured Notes 450.0 Senior Facility 205.7 400 Financial leases 7.81 Other
Slide 13: Group Financial Profile (continued)
p. 13 Group Financial Profile (continued) Gross / Net Debt (EUR millions) 800 713 717 710 16 54 50 600 701 Total net debt* as of June 30, 2016 is EUR 659 661 400 701.1 million Net Leverage** is 2.7x and Gross Leverage is 2.8x. 200 2014 2015 Q2 2016 Net Debt Cash Leverage 3.5x 3.1x 3.0x 3.0x 2.8x
Slide 14: Financial Calendar
p. 14 Financial Calendar You can find us on: Web: investors.rcs-rds.ro Email: investor.relations@rcs-rds.ro Agenda Report Call Q3 2016 Results 25-Nov-16 Tuesday 29-Nov-16 FY 2016 Results 14-April-17 Thursday 20-April-17 Q1 2017 Results 2-June-2017 Thursday 8-June-2017 CCS / RCS & RDS
Slide 15: Q&A Session
p. 15 Q&A Session CCS / RCS & RDS
Slide 16: Appendices
p. 16 Appendices CCS / RCS & RDS
Slide 17: Revenue streams
p. 17 Revenue streams Q2 2016 revenue split by product Q2 2016 revenue split by country Other revenues Italy 12% Spain 1% 11% Cable TV 26% DTH 9% Hungary 16% Mobile telecommunic ations Fixed internet services and data 25% 24% Romania Fixed-line 72% telephony 4% CCS / RCS & RDS
Slide 18: Group Results (P&L)
p. 18 Group Results (P&L) For the three months ended For the six months ended June 30, % change June 30, % change 2015 2016 2015 2016 (euro in millions) (euro in millions) Revenues Romania 132.1 148.5 12.4% 258.6 293.1 13.3% Hungary 31.4 33.3 6.1% 62.4 66.2 6.1% Spain 18.2 21.3 17.0% 34.0 41.5 22.1%
Slide 19: Cash Flow
p. 19 Cash Flow Summary Cash Flow Three months ended Six months ended June 30, June 30, 2015 2016 2015 2016 (euro in millions) (euro in millions) Cash flows from operations before working capital changes 60.7 65.6 115.2 132.4 Cash flows from changes in working capital (0.8) (5.2) 14.0 (11.2) Cash fl
Slide 20: FOREX development
p. 20 FOREX development RON/EUR Exchange Rate 2016 HUF/EUR Exchange Rate 2016 4.70 320 4.60 310 313 312 312 313 312 4.50 308 309 300 306 306 4.49 4.50 4.40 4.45 4.44 4.46 4.43 4.41 4.43 4.43 290 4.30 280 4.20 4.10 270 4.00 260 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014 2014 2014 2015
Slide 21: Summary corporate and financing structure
p. 21 Summary corporate and financing structure RCS Management, S.A. (Romania) 63% Cable Communication New Senior Systems N.V.² Secured Notes (The Netherlands) €450m 95.8%¹ Proceeds loan RON 930M Senior RCS & RDS S.A.² Facilities Agreement (Romania) 100% 100% 100% DIGI T.S. Kft DIGI Spain DIGI Telec
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